Earnings per Share

12 Months Ended

Feb. 02, 2013

Earnings per Share

Earnings per Share

10. Earnings per Share

        Basic earnings per share has been computed based upon the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share gives effect to outstanding stock options.

        Earnings per common share has been computed as follows:

	Fiscal 2012				Fiscal 2011				Fiscal 2010
(in thousands, except per share data)	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net earnings available for per-share calculation	$	335,962	$	335,962	$	463,909	$	463,909	$	179,620	$	179,620
Average shares of common stock outstanding		48,125		48,125		53,515		53,515		66,922		66,922
Dilutive effect of stock-based compensation		—		786		—		933		—		252
Total average equivalent shares		48,125		48,911		53,515		54,448		66,922		67,174
Per share of common stock:
Net income	$	6.98	$	6.87	$	8.67	$	8.52	$	2.68	$	2.67

        No stock options were outstanding at February 2, 2013, and 2,245,000 and 3,351,869 of stock options were outstanding at January 28, 2012 and January 29, 2011, respectively.